Moneyweb: Delta slides on poor 2019 FY results

Delta Property Fund, one of the JSE’s most empowered real estate investment trusts (Reit), reported one of its worst performances for the full year to 29 February, with distributable earnings for the year declining 38.1% to 45.69 cents per share, from 73.84 cents per share achieved in the prior year. However, the office-focused fund said it had nevertheless managed to renew 211 764m² of expiring leases and concluded 17 344m² new leases during the year. Metope Investment Analyst Kelly Ward comments. 

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